questionText: To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of reducing VAT charged on property repairs required as a result of damage caused by flooding.
answerText: VAT is a broad-based tax on consumption and the twenty per cent standard rate applies to most goods and services. Whilst there are exceptions to the standard rate, these have always been limited by both legal and fiscal considerations. Introducing new rel...
heading: Housing: Repairs and Maintenance